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3432 Larissa Drive, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath

3432 Larissa Drive, Los Angeles, California 90026 home-pic-0
ACTIVE$1,599,999
3432 Larissa Drive, Los Angeles, California 90026
0Bed
0Bath
3,352Sqft
6,654Lot
Year Built
1961
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$477
HOA
-
Days on market
-
Sold On
-
MLS number
GD25130456
Home ConditionGood
Features
Good View: Hills, Mountain(s), Trees/Woods
ViewHills, Mountain(s), Trees/Woods

About this home

We found 3 Cons,6 Pros. Rank: price - $1.60M(91th), sqft - 3352(64th), beds - undefined(50th), baths - undefined(50th).

2 VACANT UNITS. Welcome to 3432 Larissa Dr, a beautifully updated triplex located in the heart of Silver Lake, one of Los Angeles’ most desirable and vibrant neighborhoods. This versatile income property features three detached units, each with its own private entrance: 3434 Larissa Dr is a 2-bedroom, 1-bathroom; 3432 Larissa Dr is a 2-bedroom, 1-bathroom; and 3432 ½ Larissa Dr is a 1-bedroom, 1-bathroom. Two of the units will be delivered vacant at closing, providing incredible flexibility for investors, owner-occupants, or those looking to offset their mortgage with rental income. Each residence has been thoughtfully updated while maintaining classic LA character, offering newer roofs, modernized kitchens, updated bathrooms, new flooring, and enhanced exterior details. The property also features generous outdoor spaces, perfect for entertaining, gardening, or creating private retreats. Ideally situated just minutes from Downtown LA, Dodger Stadium, Crypto.com Arena, Echo Park, and Silver Lake’s acclaimed dining, nightlife, and boutiques, this triplex is a rare opportunity in a high-demand rental market. Whether you’re seeking to live in one unit and lease the others or rent out all three for consistent passive income, 3432 Larissa Dr offers the perfect combination of location, lifestyle, and investment potential..

Nearby schools

5/10
Micheltorena Street Elementary School
Public,•K-5•0.1mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•0.6mi
2/10
Mayberry Street Elementary School
Public,•K-6•0.7mi
/10
Lexington Avenue Primary Center
Public,•K-2•0.7mi
6/10
Dayton Heights Elementary School
Public,•K-5•0.7mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•1.0mi
8/10
Clifford Street Elementary School
Public,•K-6•1.1mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.1mi
8/10
Franklin Avenue Elementary School
Public,•K-6•1.3mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.4mi
/10
Lake Street Primary School
Public,•K-1•1.4mi
9/10
Ivanhoe Elementary School
Public,•K-5•1.6mi
8/10
Allesandro Elementary School
Public,•K-6•1.8mi
6/10
Thomas Starr King Middle School
Public,•6-8•0.6mi
5/10
Virgil Middle School
Public,•6-8•1.3mi
6/10
Irving STEAM Magnet
Public,•6-8•2.9mi
8/10
John Marshall Senior High School
Public,•9-12•1.4mi
3/10
Belmont Senior High School
Public,•9-12•2.0mi
Condition Rating
Good
Despite being built in 1961, the property has undergone extensive and thoughtful renovations, as evidenced by the modernized kitchens with stainless steel appliances, updated bathrooms with contemporary fixtures and tiling, and new flooring throughout. The description also notes newer roofs and enhanced exterior details. The units appear move-in ready with minimal wear and tear, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years. While a central cooling system isn't explicitly mentioned, the overall condition of the visible components is well-maintained and updated.
Pros & Cons

Pros

Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Prime Location & Neighborhood: Situated in the highly desirable and vibrant Silver Lake neighborhood, offering excellent proximity to Downtown LA, Dodger Stadium, Crypto.com Arena, Echo Park, and local amenities.
Versatile Income Property: A triplex with three detached units provides flexible investment opportunities, ideal for owner-occupancy with rental income offset or full rental for consistent passive income.
Immediate Vacancy & Flexibility: Two of the three units will be delivered vacant at closing, allowing for immediate market-rate rental adjustments or owner-occupancy without tenant relocation challenges.
Extensively Updated Units: Each residence has been thoughtfully updated with newer roofs, modernized kitchens, updated bathrooms, new flooring, and enhanced exterior details, minimizing immediate capital expenditures for a buyer.
Outdoor Spaces & Views: The property features generous outdoor spaces perfect for entertaining or private retreats, complemented by desirable views of hills, mountains, and trees.

Cons

Age of Property: Built in 1961, despite recent updates, the underlying infrastructure may still be original and could require significant maintenance or upgrades in the long term.
Potential for Higher Operating Costs: As a multi-unit property, operating expenses such as utilities, insurance, and ongoing maintenance for three separate units could be substantial.
Lack of Mentioned Cooling System: The property description does not specify the presence of a cooling system in the units, which could be a significant drawback during Los Angeles' hot summer months.

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